Milk - Timor-Leste

Timor-Leste

Highlights

Revenue in the Milk market amounts to US$17.99m in 2024. The market is expected to grow annually by 12.44% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$13.04 are generated in 2024.
In the Milk market, volume is expected to amount to 34.80m kg by 2029. The Milk market is expected to show a volume growth of 9.4% in 2025.0.
The average volume per person in the Milk market is expected to amount to 16.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Timor-Leste is currently experiencing subdued growth, impacted by factors such as limited consumer awareness and access to digital technologies. Despite this, the market is expected to grow due to increasing health consciousness and the convenience of online services, driving demand for dairy products and eggs in the country.

Customer preferences: As Timor-Leste continues to develop and modernize, there has been a noticeable shift in consumer preferences towards healthier and more sustainable food options. This trend is also reflected in the Milk Market of the Dairy Products & Eggs Market within The Food market, as consumers are increasingly opting for organic and locally sourced milk products. This is driven by a growing awareness of the impact of food production on the environment and a desire for fresher and more natural products. Additionally, with the rise of social media and wellness influencers, there has been a greater emphasis on clean eating and incorporating dairy into a balanced diet.

Trends in the market: In Timor-Leste, the Dairy Products & Eggs Market is experiencing a significant increase in demand for milk and milk-based products due to the growing awareness of the health benefits of dairy consumption. This trend is expected to continue, driven by the rising population and increasing disposable income. Furthermore, there is a growing trend towards organic and locally sourced dairy products, as consumers become more health-conscious and environmentally aware. These trends have significant implications for industry stakeholders, as they may need to adjust their production and marketing strategies to cater to the changing consumer preferences. Additionally, there is an opportunity for the government and industry players to invest in improving the country's dairy production to meet the growing demand and reduce reliance on imported dairy products.

Local special circumstances: In Timor-Leste, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's geographical location and cultural practices. The majority of the population lives in rural areas with limited access to modern technologies, making traditional methods of milk production and distribution prevalent. Additionally, the country has strict regulations on imported dairy products, leading to a reliance on domestic production. These unique factors shape the market, creating challenges and opportunities for both local and international players.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Timor-Leste is influenced by various macroeconomic factors. The global economic trends, such as fluctuating milk prices and import/export regulations, can significantly impact the market performance. Additionally, the national economic health of Timor-Leste, including factors like GDP growth, inflation, and unemployment, can influence the demand and supply of milk products. Fiscal policies, such as taxes and subsidies, also play a crucial role in shaping the milk market in the country. Other relevant financial indicators, such as consumer spending and disposable income, can also impact the purchasing power of consumers and their willingness to buy dairy products.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.